Commentary A lie is still a lie even if it’s often repeated. And claiming the Nordic countries are socialist economies with high taxes on wealth and businesses is a big lie. Nordic countries are not socialist. They rank at the top in the Heritage Foundation’s Economic Freedom Index 2020 (Denmark 10, Finland 17, Sweden 21, Norway 28). They also rank at the top in the World Bank’s Ease of Doing Business Index 2020 (Denmark 4, Norway 9, Sweden 10, Finland 20), with simple and limited business regulation and a strong support for entrepreneurship. They also rank at the highest levels in labor market flexibility—Denmark 7 and Norway 15—and have some of the most flexible labor markets according to the Employment Flexibility Index 2020 (pdf), while Finland and Sweden rank in the top 40 above Luxembourg or South Korea. The public sector doesn’t dictate the growth pattern or the way in …
Nordic Countries Do Not Equal Big Government or High Corporate Taxes
August 31, 2021
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